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Here is the JC’s latest [[Anatomy]]{{tm}}: [[ISDA]]’s emissions annex, which comes in at least two flavours: the original [[EU Emissions Anatomy]], and the new, copycat, we absolutely-are-not-going-through-separation-anxiety, [[UK Emissions Anatomy]]. These documents are special in that they are the creature of that permanently marginalised {{icds}} splinter group, the {{carbonsquad}}. These quasi-fundamentalist drafting weirdos, with all their neo-{{isda92prov|First Method}}, {{tiwu}} nonsense, | Here is the JC’s latest [[Anatomy]]{{tm}}: [[ISDA]]’s emissions annex, which comes in at least two flavours: the original [[EU Emissions Anatomy]], and the new, copycat, we absolutely-are-not-going-through-separation-anxiety, [[UK Emissions Anatomy]]. These documents are special in that they are the creature of that permanently marginalised {{icds}} splinter group, the {{carbonsquad}}. These quasi-fundamentalist drafting weirdos, with all their neo-{{isda92prov|First Method}}, {{tiwu}} nonsense, don’t often get a look in, but ISDA’s overlords seem to have swtiched off the dash-cams and looked the other way on this occasion, and these bad-boys of carbond have not wasted the opportunity. | ||
For practitioners, this is heady stuff: working out which tracts of the annex are dangerous, extremist nonsense and which are practical allocations of risk in a new and [[sui generis]] asset class this is exhilarating, seat-of-the-pants, stuff. | |||
Each functions as a sort of add-on to the {{commoddefs}}, which you access by adding a new Part with some elections to the Schedule to your {{isdama}}. This is also some cross-grading into the [[2006 ISDA Definitions]], and you may find yourself hankering wistfully for the dear old {{eqdefs}} too, if hedging disruption is something that keeps you awake at night. | Each functions as a sort of add-on to the {{commoddefs}}, which you access by adding a new Part with some elections to the Schedule to your {{isdama}}. This is also some cross-grading into the [[2006 ISDA Definitions]], and you may find yourself hankering wistfully for the dear old {{eqdefs}} too, if hedging disruption is something that keeps you awake at night. | ||